in March 2012, the People’s Bank, the Ministry of Finance, Ministry of Commerce, General Administration of Customs, State Administration of Taxation and the China Banking Regulatory Commission jointly issued the “notice” on the export of goods trade in RMB clearing business management issues related to the liberalization of cross-border trade RMB settlement pilot enterprises, export trade, the RMB settlement enterprise to implement a list of key regulatory management. Recently, six ministries in the list of companies on the basis reported by the people’s government of provinces (autonomous regions and municipalities) and cities with independent planning, joint audit made a list of key regulatory enterprise of export goods trade, the RMB settlement. List issued, of all the enterprises with import and export business can be in accordance with the law to export goods trade, the RMB settlement business.

banking financial institutions for various cross-border renminbi business in accordance with relevant requirements and prudential requirements, relying on the RMB cross-border receipt and payment information management system, query the list of enterprises of key regulatory strengthen the assessment process to conduct business. effectively guard against the risk. Focus on supervision to carry out cross-border trade in RMB clearing business of RMB funds shall not be stored outside. The six ministries will be within the scope of their duties according to law the focus of regulatory enterprises carried out export goods trade, the RMB settlement business to strengthen the management.

the People’s Bank of China General Office of the General Office of Ministry of Finance, the Ministry of Commerce

the Office of the General Administration of Customs State Administration of Taxation Office of the General Office of the CBRC

letter on the key regulatory list of export goods trade, the RMB settlement enterprise

Ban Han [2012] No. 381,

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provinces, autonomous regions and municipalities directly under the Central Government, separately planning cities the General Office of the People’s Government:

based on cross-border trade in RMB clearing pilot management approach “(the People’s Bank of China, Ministry of Finance, Ministry of Commerce, General Administration of Customs State Administration of Taxation, China Banking Regulatory Commission [2009] No. 10) and the Ministry of Finance of the People’s Bank of China Ministry of Commerce, General Administration of Customs State Administration of Taxation of China Banking Regulatory Commission on the export of goods trade in RMB clearing business management issues related to (YF [2012] No.23, hereinafter referred to as “Notice”), in the provinces (autonomous regions and municipalities) and plans to separate Municipal People’s Government reported the focus of the list of regulated firms on the basis of the People’s Bank in conjunction with the Ministry of Finance, Ministry of Commerce, General Administration of Customs, State Administration of Taxation, Banking Regulatory Commission (hereinafter collectively referred to as the six ministries) for review to determine the focus of supervision of the export goods trade, the RMB settlement enterprise 9502, communicated to the relevant matters are as follows:

one, since the date of issuance of this letter, the territory of China import and export business enterprise may be in accordance with the cross-border trade in RMB clearing pilot management approach “to export goods trade, the RMB settlement.

two, six ministries within the scope of their duties in accordance with the law of key regulatory enterprises to export goods trade, the RMB settlement business to strengthen management. Please provinces (autonomous regions and municipalities) and cities with independent planning Municipal People’s Government to take appropriate way to inform the focus of regulatory enterprises have been included in the focus on monitoring of exported goods trade, the RMB settlement.

, focusing on regulatory enterprises carry out cross-border trade in RMB clearing business of RMB funds shall not be stored outside. Focus on supervision of the enterprise in violation of the provisions of the RMB funds deposited abroad, the People’s Bank of relevant information available to the relevant ministries and relevant ministries within the scope of their duties shall be handled, and to take further regulatory measures.

four banking financial institutions for various cross-border RMB business should be in accordance with the “notice” requirements and prudential requirements, relying on the RMB cross-border receipt and payment information management systems to enhance audit check list of enterprises in key regulatory and practical guard against risks. Banking financial institutions in violation of regulations, the People’s Bank under the “cross-border trade in RMB clearing pilot management approach” and “cross-border trade in RMB settlement pilot management approach to implementation details (YF [2009] No. 212 issued) the corresponding regulatory measures.

five, the People’s Bank and its branches rely on the RMB cross-border receipt and payment information management system, the focus of regulatory enterprises carry out cross-border renminbi business-site inspection, an annual cross-border banking financial institutions to focus on regulated firms RMB clearing services on-site inspection.

six, six ministries according to the master of the situation and the six ministries submitted by the Municipal People’s Government of provinces (autonomous regions and municipalities) and cities with independent planning in a timely manner on the list of enterprises in key regulatory adjustment, the People’s Bank of updated accordingly RMB cross-border income to pay the focus of the list of regulated firms in the information management system.

seven, the People’s Bank of Shanghai Headquarters, branches, business management departments, the provinces (provincial) city center sub-branches, sub-provincial city center branch, the body of the present letter and forwarded to the banking financial institutions in the area.

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